Previous Hold Today AMZN ranks #2305 as HOLD CANDIDATE #2305 Next Hold

AMZN stock forecast Amazon.com

AMZN stock forecast

Wednesday October 16, 2019 Change 0.57% Price $1 777.43
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (8 opinions)
88%
12%
Social Sentiment 0.29

AMZN Forecast and Technical Stock Analysis


Hold candidate since 2019-10-15 Gain 0.57% PDF

Amazon.com gained 0.57% in the last trading day ( Wednesday, 16th Oct 2019 ), rising from $1 767.38 to $1 777.43 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 0.89% from a day low at $1 770.52 to a day high of $1 786.24. The price has risen in 7 of the last 10 days and is up by 3.75% over the past 2 weeks. Volume fell in the last day by -0.38 million shares and in total, 2.72 million shares bought and sold for approximately $4 826.02 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the AMZN stock price was $1 832.57 and low was $1 685.06.
  • 90 day high was $2 001.30 and low was $1 685.06.
  • 52 week high for Amazon.com - $2 035.80 and low - $1 307.00.
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Trend

Amazon.com has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1 768.41, a level that may pose a second chance to hit a runner. According to fan-theory $1 931.36 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Amazon.com holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $1 737.27 and $1 774.74. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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A buy signal from a double bottom formation was found on Tuesday October 08, 2019 with a target of $1 746.44. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 60 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Amazon.com finds support from accumulated volume at $1 765.13.

Support: $1 765.13 Price: $1 777.43 Resistance: $1 787.83

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $15.72 (0.89%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.

Our recommended stop-loss: $1 700.27 (-4.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)

1.29 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Amazon.com holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

Previous Hold Today AMZN ranks #2305 as HOLD CANDIDATE #2305 Next Hold
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